How can i get a loan while in credit counseling?

All of the loan companies I have called say that they can’t do a loan if it shows credit counseling program on my credit report.

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2 Comments

timothy p says:

January 27, 2012 at 7:50 pm

credit counseling implies that you are already in over your head. This is the last stop before bankruptcy. Your creditors have often accepted reduced pay offs or lower rates. In short, they have lost money on you.

Debt is what got you into that mess in the first place. More debt will not help you. Would you give a loan to someone who has a history of not paying the money back as agreed?
I Love Richard KHC says:

January 27, 2012 at 7:56 pm

You can’t, being in credit counseling is a sign that you can’t pay your bills anyways. If you can’t pay your bills that you have and need the credit counseling to figure it out then their is no way someone is going to give you money on top of what you already owe and I doubt they would give you anything even if it was a secured debt. Being in credit counseling is almost as bad as Bankruptcy, once you are done with their program, then you may be able to get a loan.